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1 2 Find the face value of the zero-coupon bond. 10-year bond at 6.5%; price $3000 The face value will be $ (Do not round
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Find the face value of the zero-coupon bond. 10-year bond at 6.5%; price $3000 The face value will be $ (Do not round until the final answer. Then round to the nearest dollar as needed.) Find the APY corresponding to the following nominal rate. 7% compounded semiannually The APY is %. (Type an integer or a decimal. Round to the nearest hundredth as needed. Do not round until the final answer)Step by Step Solution
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